First-class existing buildings are priced to yield only around 5% to an all-cash buyer, says research firm Green Street Advisors. (The return they talk about is rent minus the costs of operating and maintaining the building and leasing any empty space.) But a skillfully developed new property can bag an annual cash return of up to 10% of its construction costs.
When he cancelled a scheduled interview with CNN's Piers Morgan on Monday, thetalk show host mocked him by speaking to an empty chair and accusing him of cowardice.
There is talk that Obama will soon be sending an ambassador to Syria to fill the spot left empty since George W. Bush pulled out the previous ambassador in 2005.